Federated Hermes, Inc.
1001 Liberty Avenue
Pittsburgh, PA 15222-3779
412-288-1900 Phone
FederatedHermes.com
August 4, 2021
United States Securities and Exchange Commission
Division of Investment Management
100 F Street NE
Washington, D.C. 20549-8626
Attn: Jason P. Fox
Dear Mr. Fox:
On July 7, 2021, we discussed comments on various Federated Hermes fund registrants with fiscal period ends from March 31, 2020 to May 31, 2020.
Following are our responses to your comments.
Response: The “How is the Fund Sold?” section of the Class IS Prospectus identifies certain types of investors that are not subject to the $1,000,000 minimum investment, accordingly Federated Hermes follows the guidance of Form N-1A and uses the stated $10,000 investment referenced in 27(b)(7)(ii)(A) as the initial investment of the line graph.
Response: As of May 31, 2020, the percentage of shares of beneficial interest owned by an affiliate of FIGRF’s and FEMEQF’s adviser were 74.8% and 71.2%, respectively.
We thank you for your attention to this response letter. If you have any further comments or questions on our responses, please contact me at (412) 288-1277 or Rich Paddock at (412) 288-4479.
Sincerely,
/s/ Lori A. Hensler
Lori A. Hensler
Treasurer